March 07, 2006
Last Friday, NTP Inc. and Research in Motion Ltd ("RIM") settled their patent dispute, with NTP receiving $612.5 million from RIM to settle all outstanding patent claims. This settlement allows for the continuation of service to RIM’s BlackBerry® handheld device, of which over 4 million people are subscribers. This settlement is the result of an initial 2002 jury verdict that RIM had infringed five patents owned by NTP related to this technology, and grants RIM a perpetual, fully paid up license from NTP covering all of RIM’s products and services related to the patented technology. Jim Balsillie, Chairman and CEO of RIM, extended his "sincere gratitude" to all of its customers as his company "put[s] this lengthy and complicated litigation behind [it]."
RIM Press Release: LINK
Forbes.com News Release: LINK
RIM’s BlackBerry® Device Website: LINK
RIM Press Release: LINK
Forbes.com News Release: LINK
RIM’s BlackBerry® Device Website: LINK
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